Common use of PROMOTER’S COVENANTS Clause in Contracts

PROMOTER’S COVENANTS. 6.1 The Promoter covenant with the Allottee/s as follows: (i) That the Schedule B Property when conveyed to the Allottee/s shall be free from any charge, attachment, encumbrances of any kind; (ii) That the Promoter is the absolute owner of the Schedule A Property and that its title thereto is good, marketable and subsisting and they have the power to convey the same and right to carry on the Development as per the scheme of development; (iii) That Promoter agree to do and execute or cause to be executed all acts, deeds and things, as may be required by the Allottee/s for more fully and perfectly assuring the title of the Allottee/s to the Schedule B Property; (iv) That the Promoter will pay all taxes, rates and cesses in respect of the Schedule A Property up to the date of intimation of the said Apartment being ready for possession or till the date of registration of the Sale Deed, whether possession is taken or not, whichever is earlier 6.2 The Promoter hereby further covenant with the Allottee/s that the Promoter shall not encumber, create a charge over or otherwise deal with the Schedule “B” Property or any part thereof in a manner contrary to the terms of this Agreement. The Promoter hereto shall not enter into any agreement in respect of the Schedule ‘B’ Property with any other person/s during the subsistence of this Agreement.

PROMOTER’S COVENANTS. 6.1 The Promoter covenant with the Allottee/s as follows: (i) i. That the Schedule B Property when conveyed to the Allottee/s shall be free from any charge, attachment, encumbrances of any kind; (ii) . That the Promoter is the absolute owner of the Schedule A Property and that its title thereto is good, marketable and subsisting and they have the power to convey the same and right to carry on the Development as per the scheme of development; (iii) . That Promoter agree to do and execute or cause to be executed all acts, deeds and things, as may be required by the Allottee/s for more fully and perfectly assuring the title of the Allottee/s to the Schedule B Property; (iv) . That the Promoter will pay all taxes, rates and cesses in respect of the Schedule A Property up to the date of intimation of the said Apartment being ready for possession or till the date of registration of the Sale Deed, whether possession is taken or not, whichever is earlier; 6.2 The Promoter hereby further covenant with the Allottee/s that the Promoter shall not encumber, create a charge over or otherwise deal with the Schedule “B” B Property or any part thereof in a manner contrary to the terms of this Agreement. The Promoter hereto shall not enter into any agreement in respect of the Schedule ‘B’ Property B property with any other person/s during the subsistence of this Agreementagreement.

PROMOTER’S COVENANTS. 6.1 The Promoter covenant with the Allottee/s as follows: (i) That the Schedule B 2A Property when conveyed to the Allottee/s shall be free from any charge, attachment, encumbrances of any kind; (ii) That the Schedule 2B Property when perpetuity easementary rights granted to the Allottee/s shall be free from any charges, attachment, encumbrances of any kind; (iii) That the Promoter is the absolute owner of the Schedule A 1 Property and that its title thereto is good, marketable and subsisting and they have the power to convey the same and right to carry on the Development development as per the scheme of development; (iiiiv) That Promoter agree to do and execute or cause to be executed all acts, deeds and things, as may be required by the Allottee/s for more fully and perfectly assuring the title of the Allottee/s to the Schedule B 2A Property; (ivv) That the Promoter will pay all taxes, rates and cesses in respect of the Schedule A 1 Property up to the date of intimation of the said Apartment Villa being ready for possession or till the date of registration of the Sale Deed, whether possession is taken or not, whichever is earlier. 6.2 The Promoter hereby further covenant with the Allottee/s that the Promoter shall not encumber, create a charge over or otherwise deal with the Schedule “B” 2A Property and the Schedule 2B Property or any part thereof in a manner contrary to the terms of this Agreement. The Promoter hereto shall not enter into any agreement in respect of the Schedule ‘B’ 2A Property and Schedule 2B Property with any other person/s during the subsistence of this Agreementagreement.